Romania’s OMV Petrom has started drilling a first development well to commercialise natural gas reserves at the Pelican South and Domino fields within the Neptun Deep block in the Black Sea.

The state-backed companies launched development drilling in the Neptun Deep gas block on Romania's side of the Black Sea, expecting to start production 2027. SNGN Romgaz SA and OMV Petrom SA have ...

Neptun Deep is the largest natural gas project in the Romanian Black Sea. OMV Petrom has let contracts totaling more than $10 million to Expro for the Neptun Deep gas project in the Black Sea.

NewMed Energy LP has completed the acquisition of a 50 percent stake in the Han Asparuh block on Bulgaria’s side of the Black Sea from OMV Petrom SA. “With the closing of the transaction ...

February 4, 2025 Romania's OMV Petrom quarterly profit sinks 57% on weaker prices, regulatory pressure Romanian oil and gas group OMV Petrom reported a 57% slump in fourth-quarter adjusted ...